More great news is being reported today on Denver Luxury Homes. While the market for homes over $1 million has been improving over the past year, the dramatic increase of 38% in August 2012 over August 2011 is staggering.

The number of metro-Denver homes with a price tag of $1 million or higher that sold in August jumped dramatically from the same month a year earlier, according to a Coldwell Banker Residential Brokerage report released Friday.

There were 73 luxury homes sold in the metro Denver area last month, a 38 percent surge over the 53 luxury homes sold in August 2011, the report states.

The market for Denver homes has been increasing for over a year now, but the Denver Luxury homes market typically lags behind the market in general. t is incredibly encouraging to see numbers like this in the high end market.

With the inventory of Denver foreclosures declining and the buyer demand surging, the local market is poised for a substantial recovery.

If you would like market stats for your specific area, give our team a call at 303-726-1874 today.